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Burlington County/Browns Mills/08015

08015

ZIPSAFMR
Burlington County, NJ
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,340
1 BR$1,320$1,450
2 BR$1,580$1,740
3 BR$1,880$2,070
4 BR$2,080$2,290
5 BR$2,392Not available
6 BR$2,751Not available
7 BR$3,163Not available
8 BR$3,638Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,580
Market rent$2,240
Est. payment standard (110%)Used$1,740
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.62
1 BR
0.65
2 BR
0.71
3 BR
0.78
4 BR
0.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08015 (Browns Mills, NJ) is $1,580 a month. That is down 2.5% from $1,620 in FY 2026. Browns Mills is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 44 ZIP codes in Burlington County, 08015 has the 40th-highest two-bedroom rent (county range $1,410–$2,790). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08015 is 29% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08015
BedroomsFY 2027Change90–110% range
Studio$1,220−2.4%$1,098–$1,342
1BR$1,320−2.9%$1,188–$1,452
2BR$1,580−2.5%$1,422–$1,738
3BR$1,880−3.1%$1,692–$2,068
4BR$2,080−5.5%$1,872–$2,288

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08015
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,320$1,580$1,880$2,080
FY 2026$1,250$1,360$1,620$1,940$2,200
FY 2025$1,360$1,490$1,780$2,140$2,440
FY 2024$1,360$1,510$1,810$2,190$2,520
FY 2023$1,210$1,360$1,640$2,000$2,320

Two-bedroom rent in nearby Burlington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08015
08004$2,100+32.9%
08010$1,860+17.7%
08011$1,710+8.2%
08015Current$1,580—
08016$1,760+11.4%
08019$2,790+76.6%
08022$1,820+15.2%
08036$2,030+28.5%
08037$1,830+15.8%
08041$1,760+11.4%
08042$2,280+44.3%
08043$2,250+42.4%

Questions about ZIP 08015 rents

How much will Section 8 pay for a two-bedroom in ZIP 08015?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 08015 in?

ZIP 08015 is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 08015 for FY 2027?

The two-bedroom FMR fell 2.5%, from $1,620 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has fallen 3.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBrowns Mills, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources